Regulatory Capital
Requirements
An authorised UCITS ManCo is required to
hold minimum regulatory capital of at least €125,000 plus
0.02% of its assets under management in excess of €250
million, subject to a cap of €10 million.
In practice, the Central Bank requires a
UCITS ManCo to hold sufficient minimum capital upon authorisation
to cover its projected regulatory capital requirements for its
first year of operation.
Other Compliance Obligations
A UCITS ManCo must adopt certain policies
and procedures, including policies relating to order handling and
aggregation; best execution; remuneration; conflicts of interest;
risk management; liquidity management; business continuity;
accounting policies and procedures; compliance; personal
transactions; valuation; anti-money laundering; cyber security;
data protection and privacy; record keeping; and
outsourcing.
